Americans Will Treat Themselves With Refunds

February 28, 2011byDaniel Ford

Some 13.2 percent of Americans will spend their tax refund
on a big-ticket item, up from 12.5 percent last year, according to the National
Retail Federation’s Tax Returns Consumer Intentions and Actions Survey,
conducted by BIGresearch.

Even so, given the last few years, some 42 percent will put
their refunds away for a rainy day.

The survey also found that two-thirds (66.2 percent) of taxpayers
are expecting a refund this year, up from 65.5 percent last year.

“Many Americans have spent the last few years paying down
debt with their tax refunds, but for some, it’s the perfect time to buy
something nice for a change,” said Phil Rist, executive vice president, strategic
initiatives, BIGresearch, in a statement.

NRF President and CEO Matthew Shay added that his group is “becoming
more bullish about the economic recovery.”

To receive the latest jewelry news and blogs every day in your inbox,
subscribe to JCK’s e-newsletter here.